- Trading Screen Product Name
- Peak Futures (1 MW)
- Trading Screen Hub Name
- NYISO G
- Contract Symbol
NGY
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
1 MW
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh;
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
- Listing Cycle
Up to 50 consecutive monthly Contract Periods, or as otherwise
determined by the Exchange
- Last Trading Day
At 2:30pm EPT on the second Business Day prior to the first
calendar day of the Contract Period
- REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE G (HUD VL)-DAY AHEAD-PEAK MONTHLY-ICE
- a) Ref Price A - Description
"ELECTRICITY-NYISO ZONE G-DAY AHEAD-PEAK MONTHLY-ICE" means that
the price for a Pricing Date will be that day's Specified Price per
MWh of electricity on ICE of the NYISO ZONE G Day-Ahead Peak Fixed
Price Futures Contract for the Delivery Date, stated in U.S.
Dollars, as made public by ICE on that Pricing Date.
- b) Ref Price A - Pricing Date
Two Business Days prior to the first calendar day of the Contract
Period
- c) Ref Price A - Specified Price
Settlement Price
- d) Ref Price A - Pricing calendar
ICE
- e) Ref Price A - Delivery Date
Contract Period
- Option Style
American
- Exercise Procedure
Manual on any Business Day, Automatic on Last Trading Day
Clearing Members shall provide exercise and abandon instructions to
the Clearing Organization in accordance with Clearing Organization
Rules.
Options which are "in the money", with respect to Reference Price
A, exercise automatically into the Underlying Futures Contract with
a contract price equal to the Strike Price. Options which are "out
of the money" expire automatically
- Strike Price Listing
A minimum of ten Strike Prices in increments of $1.00 per MWh above
and below the at-the-money Strike Price. Strike Price boundaries
are adjusted according to futures price movements. User-defined
Strike Prices are allowed in $0.05 increments.
- MIC Code
- IFED
- Clearing Venues
- ICEU